(UPDATED) WASHINGTON, D.C.: The European Commission said Thursday (Friday in Manila) it "welcomes" US guidelines on a green subsidy scheme for commercial vehicles after officials outlined their implementation under a landmark spending bill the country passed earlier this year.

The US Inflation Reduction Act (IRA) contains around $370 billion in subsidies for green energy, as well as tax cuts for US-made electric cars and batteries.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details